Obviously i am biased but i dont see how Bendigo has been a dud over the last two years (Truly Exotic?) Yet how you can say Bendigo has nothing going for it BayView when the population growth is so high, we have a major financial institution headquarters (Bendigo & Adelaide Bank) and increased investment - $600m+ hospital redevelopment, etc.
Anyway, my personal investments in Bendigo have done very well in the last few years and I only see more increases as the train line finishes upgrading and we get even closer to Melbourne.
Ben
I didnt say Bendigo was a dud area, I said that was a dud pick
in my mind, if a real estate expert predicts an area to boom, and it simply does the same as the rest of the state/area/region or worse, its a dud pick,
ballarat has gone backwards compared at this exact point in time 2 years ago, in the sub $250 or $300k market,
similar to bendigo,
if you buy right now, then yes, you will do very well in the long term, but ive seen many a person pay $270k for a property that at the time was worth $290-$300k, of which you could pick it up for $250k without even trying
a good example in ballarat and bendigo (im sure you know what im talking about and more about the bendigo as an example)
2 years ago, the cheapest run down 3bdr was $220k, and the cheapest run down 2bdr was $200k, fast fwd to today, its now $180k and $160k, you can even pickup the odd renoed 3bdr one for $210k!
for the record, I would buy in both these areas if the opportunity arose
